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highfive · 03-21-2011, 09:58 AM

Yes above $5 is more bullish to me since a lot of institutional investors can put there money in it. Mutual funds can put money in it.

The thing is how much higher can C go after the reverse split from $44?

I tried to do some calculations and not sure if it's a right way of looking at it. But Citi earned 10 billion last year. Excluding the losses from Citi holdings, they actually earned 14-15 billion. A lot of people expect their normalized earnings would be in the range of 14-20 billion a year. Divide that by 2.9 billion shares, you get a 4.80-6.90 EPS. You give it a 10 PE, it should give you a stock of $48 to $69. I was hoping the money Citi make from now till next year would go towards some stock buy backs.

03-21-2011, 09:58 AM	#3555
highfive I contribute to threads in the offtopic forum Join Date: Nov 2006 Location: Vancouver Posts: 2,945 Thanked 1,123 Times in 533 Posts Failed 71 Times in 38 Posts	Yes above $5 is more bullish to me since a lot of institutional investors can put there money in it. Mutual funds can put money in it. The thing is how much higher can C go after the reverse split from $44? I tried to do some calculations and not sure if it's a right way of looking at it. But Citi earned 10 billion last year. Excluding the losses from Citi holdings, they actually earned 14-15 billion. A lot of people expect their normalized earnings would be in the range of 14-20 billion a year. Divide that by 2.9 billion shares, you get a 4.80-6.90 EPS. You give it a 10 PE, it should give you a stock of $48 to $69. I was hoping the money Citi make from now till next year would go towards some stock buy backs.